As mentioned buyers will need a double bottom here as a retest of the sv that broken the lower channel. As price and rsi are extremely disproportionate as the rsi is moving faster than price this means the bear trend is still intact weekly n monthly.. so the best trade is to load is short, yet the best entry is to hedge a buy order where retail short sl will be and the tp will be the short entry zone with a target of the low ..
As the sv been partially countered , as price still rise only mean price is going somewhere . The dwn move here is a break above the range as an orderblock. So the hedge is buying the high of last week ( where retail will sl premature shortening here and target the high of the order block to easy catch about 500 pips! Close that out and take those profits and then short 4 about 2000 pips with a total of 2300- 2500 pips! What ! Don’t be greedy risk a dollar a pip up add that to the short 4 1.5 per pip a net a few grand in your account more than 10% turn over where some do that quarterly family.. trading is business management it more than buy n sale risk 1% per trade etc bs. So risk 80-100 buck to make 2500 buck with 1000 account on a high probability setup is an good risk despite 100 buck is more than 1% of 1000. If u
Ur afraid to lose 100 buck out of 1k than u shouldn’t be trading family! Take high probability trades only and increase that risk to a tolerable dollar amount that’ll can triple profit returns!And if u trade less but trade better and take the appropriate risk your ll do better easily
Gl
As the sv been partially countered , as price still rise only mean price is going somewhere . The dwn move here is a break above the range as an orderblock. So the hedge is buying the high of last week ( where retail will sl premature shortening here and target the high of the order block to easy catch about 500 pips! Close that out and take those profits and then short 4 about 2000 pips with a total of 2300- 2500 pips! What ! Don’t be greedy risk a dollar a pip up add that to the short 4 1.5 per pip a net a few grand in your account more than 10% turn over where some do that quarterly family.. trading is business management it more than buy n sale risk 1% per trade etc bs. So risk 80-100 buck to make 2500 buck with 1000 account on a high probability setup is an good risk despite 100 buck is more than 1% of 1000. If u
Ur afraid to lose 100 buck out of 1k than u shouldn’t be trading family! Take high probability trades only and increase that risk to a tolerable dollar amount that’ll can triple profit returns!And if u trade less but trade better and take the appropriate risk your ll do better easily
Gl